OK JohnG asked about my thoughts on the S2 IS in another thread, I thought it would be best to start a new thread as there is quite a bit of interest in this camera.
I've had the camera almost 2 weeks now

getting used to vast array of options but still not tried many.
This is my first digicam/serious camera for that matter, so this is by no means a pro review. For that look at JohnG's link
here
OK the pro review covers whats in the box so I'll get straight to the camera, it has a very substantial feel to it, OK its plastic but solid with a good weight to it, nice to hold. On switching on it powers up in less than a second, some have complained about the lens cap being loose fitting, it looks like a suede friction ring on the inside of the cap. Mine stays on no problem, I think the main function of this design is that on power up the lens extends and pushes off the cap so you're ready to go without fuss. Though over time I think it will be a problem for the cap to stay on.
Next the flip out LCD screen at first I thought this to be a gimmick only to be used for self portraits but it lets you shoot overhead or down low easily and provides good protection for the screen when it is turned back to face into the body. It provides a nice crisp image with good colours, I didn't try brightness boost in bright light so I cannot comment on that. The menu system is very intuitive so I was taking pictures before opening the manual.

right I'm getting too carried away with stuff that's been covered in the review so here's my good points and bad points.
Good
nice feel, ergonomics, button placement
everything is open to manual control, with little or no menu delving
takes nice pictures- but this is an art I'm just learning
good AF system
excellent zoom see pics below
enough room to grow and then some
battery life top notch
excellent burst mode
0cm macro
nice video mode at a pinch- see below
good software bundle
you can control the camera over USB, ie shutter release/speed, aperture, zoom etc
USB2
nice range of addons
allot more that I've not uncovered yet
Bad
use of the 4-way rocker for manual focus- I find it tricky to get right
flash could be better
original batteries only lasted a day, use rechargeables
measly 16MB SD card included
only about 7 mins of video on a 1 Gig card- but that's what camcorders are for right, plus it does pick up camera noise quite a bit
only supports JPEG but the DIGICII processor does a great job in keeping them clean
I would say most of the bad points are minor but the manual focus will take a bit of getting used to, I will definitely go for a focus ring when I upgrade to a DSLR in 3 or 4 years but even then the S2 will still have allot to offer. So overall I'm very pleased with the camera, I'm just taking my first steps into what I feel will be an enjoyable and valuable hobby.
In the first week of owning this camera I've taken 400+ pics some in auto but most in one of the manual semi-manual modes. I bought a good book to give me a grounding in the the theory and techniques involved in photography "How To Do Everything With Your Digital Camera" by Dave Johnson.
So here's some of my S2 pics, I would appreciate any criticism/advice regarding the pics and any further reading to help me on my way
Macros
wideangle
zoom
various
well I hope your still awake after that
Cheers Iain